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Tag: Okomu Oil Palm

Okomu Oil Palm reports decline in Q2 profits
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Okomu Oil Palm reports decline in Q2 profits

Okomu Oil Palm Plc has announced a pre-tax profit of N6.24 billion for the second quarter ending June 30, 2024, marking a 22.28% decrease compared to the same period last year and falling short of its forecasted pre-tax profit of N6.699 billion. The company’s Q2 2024 financial statements reveal a revenue of N31.525 billion, representing […]

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Business

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023

Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9 billion, up 43.4% from N22.9 billion in Financial Year 2022. The Times reported that the corporation, situated in Edo State, reported a revenue of N75 billion in 2023, a 26.6% increase from N59.2 billion […]